Actuarial Senior Consultant-Bermuda Modeling (Hybrid)

hq; Saint Paul (MN); Hybrid; USD 111,000 - 208,000; Full time

Benefits offered by this job

Hybrid work schedule

Job summary

Securian Financial in Saint Paul, MN, is seeking a senior actuarial professional to join the Model Development Team within Enterprise Actuarial Services. The role focuses on Bermuda and reinsurance modeling, applying asset-liability modeling expertise to design and implement advanced model capabilities using Prophet and FactSet.

You will partner with Securian Re, ERM, SAM, and other groups to translate complex modeling topics into actionable business insights.

Qualifications

• Deep actuarial modeling expertise, especially asset‑liability modeling and Bermuda valuation concepts.
• Advanced technical aptitude with Prophet, FactSet and related tools.
• Ability to collaborate across Reinsurance, ERM and solutions groups.

Responsibilities

• Lead design, development and governance of Bermuda reinsurance modeling capabilities.
• Research and solve complex modeling issues in asset‑liability contexts.
• Coach and review modeling work, ensuring alignment with Modeling Principles and SOPs.
• Translate technical results into actionable business insights for stakeholders.

Skills

Actuarial modeling

Asset-liability modeling

Cross-team collaboration

Analytical problem solving

Strong communication

Education

FSA

Tools

Prophet

FactSet

Job description

*At Securian Financial the internal position title is Actuarial Sr Con.*

Position Overview

This position is part of the Model Development Team in Enterprise Actuarial Services, a service-oriented function focusing on actuarial modeling needs across Securian. You will play a senior technical role in building and enhancing actuarial modeling capabilities, with an initial focus on Bermuda and reinsurance modeling needs. The role will apply deep asset-liability modeling expertise, including asset crediting and Bermuda-focused valuation, to design and implement model capabilities that support current and future business. You will partner closely with stakeholders across Securian Re, Reinsurance COE, ERM, SAM, and solutions groups to translate complex modeling topics into useful business insights and recommendations.

Responsibilities

Responsibilities may include, but are not limited to:

Responsibilities below may be as a developer, reviewer, or technical lead depending on the particular product, project, and modeling need.

• Seek to understand our partners' products, transaction structures, reporting requirements, responsibilities, and objectives.
• Lead the design, development, and maintenance of effective, efficient, and well governed modeling capabilities supporting Bermuda reinsurance transactions, including near‑term IUL needs and evolving valuation requirements.
• Apply deep asset‑liability modeling expertise and Bermuda‑focused valuation, to research and solve complex modeling issues.
• Design and implement new modeling functionality in Prophet and FactSet to support evolving reinsurance transaction structures and strategic initiatives.
• Serve as a modeling subject matter expert and liaison to Securian Re, Reinsurance COE, ERM, SAM, and solutions groups, advising on model design, methodology, and the interpretation of results.
• Evaluate complex model changes and modeling alternatives, communicate impacts and tradeoffs, and translate technical conclusions into business insights and recommendations for stakeholders and model users.
• Lead model testing, validation, implementation, documentation, and governance activities while applying model coding and development standards, Securian’s Modeling Principles, and relevant Actuarial Standards of Practice.

Qualifications

If the responsibilities of this role are appealing to you, but if you don't meet all the qualifications, don't hesitate to apply. Our primary goal is to find the right person with a passionate interest for being successful in these responsibilities. We would rather have the passionate interest with a path to grow, than qualifications ready and a need to develop passion or interest!

• Self‑motivated and flexible; ability to independently lead complex work while collaborating effectively across teams.
• Strong analytical and problem‑solving skills, including the curiosity and initiative to research ambiguous topics, evaluate alternatives, and develop practical solutions.
• Deep actuarial modeling expertise, particularly in asset‑liability modeling, asset crediting, and economic or market‑based valuation concepts.
• Advanced technical aptitude and strong modeling skills, with the ability to design, implement, and review complex functionality in Prophet, FactSet, and related modeling tools.
• Strong communication, documentation, and organizational skills, including the ability to explain complex modeling concepts, impacts, and recommendations to technical and non‑technical stakeholders.

Preferred Qualifications

• FSA
• Experience with Prophet and FactSet, including development of complex actuarial or asset‑liability modeling capabilities
• Experience with Individual Life products, particularly IUL, and/or asset‑intensive reinsurance transactions
• Knowledge of the BMA regulatory framework, Bermuda Economic Balance Sheet methodology, model governance, and economic valuation

Hybrid Working Arrangement

This position will be in a hybrid working arrangement.

Securian Financial believes that meaningful in‑person collaboration is an important part of our culture. Our hybrid work model gives associates the flexibility to work both remotely and in the office while fostering connection, learning, and innovation. Associates who live within a 90‑minute commute of our Home Office in St. Paul, Minnesota spend 3 or more days each week working from the office.

Preferred Skills

• Actuarial Modeling
• Collaboration
• Communication
• Curious Mindset
• Model Development
• Model Governance

The estimated base pay range for this job is:

$111,300.00 - $207,800.00

Pay may vary depending on job‑related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a member of the Securian Financial Talent Acquisition team.

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job - it means providing a rewarding and fulfilling career. As a valued member of our high‑performing team, we want